Nykredit A S Acquires Shares of 46,236 Northrop Grumman Corporation $NOC

Nykredit A S bought a new position in Northrop Grumman Corporation (NYSE:NOC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 46,236 shares of the aerospace company’s stock, valued at approximately $23,548,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. acquired a new stake in Northrop Grumman in the 2nd quarter valued at $6,001,616,000. Bank of America Corp DE bought a new position in shares of Northrop Grumman during the second quarter valued at $1,298,141,000. Capital World Investors boosted its stake in shares of Northrop Grumman by 39.4% in the 4th quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock valued at $1,958,151,000 after purchasing an additional 970,029 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Northrop Grumman in the 2nd quarter valued at $376,135,000. Finally, Corient Private Wealth LP acquired a new stake in shares of Northrop Grumman during the second quarter worth approximately $44,039,000. Institutional investors own 83.40% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NOC. UBS Group boosted their price objective on Northrop Grumman from $666.00 to $685.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Susquehanna decreased their price objective on shares of Northrop Grumman from $785.00 to $655.00 and set a “positive” rating on the stock in a research note on Wednesday, July 22nd. TD Cowen upped their price objective on Northrop Grumman from $550.00 to $590.00 and gave the stock a “hold” rating in a research report on Wednesday, August 19th. Jefferies Financial Group decreased their price target on shares of Northrop Grumman from $620.00 to $580.00 and set a “hold” rating on the stock in a report on Friday, June 26th. Finally, JPMorgan Chase & Co. reduced their price objective on Northrop Grumman from $635.00 to $600.00 and set a “neutral” rating on the stock in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Northrop Grumman presently has an average rating of “Moderate Buy” and an average target price of $661.30.

Northrop Grumman Stock Up 0.8%

Shares of Northrop Grumman stock opened at $527.98 on Friday. The stock’s 50-day moving average is $544.36 and its 200 day moving average is $599.64. Northrop Grumman Corporation has a one year low of $479.02 and a one year high of $774.00. The firm has a market cap of $74.99 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 3.07 and a beta of -0.11. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 1.06.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, topping analysts’ consensus estimates of $6.82 by $0.86. The business had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.80 billion. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Equities research analysts anticipate that Northrop Grumman Corporation will post 28.97 EPS for the current year.

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Monday, August 31st will be paid a $2.47 dividend. This represents a $9.88 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, August 31st. Northrop Grumman’s payout ratio is 31.39%.

Insider Activity at Northrop Grumman

In related news, Director Mark Welsh, III sold 95 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $547.53, for a total value of $52,015.35. Following the completion of the sale, the director directly owned 4,393 shares of the company’s stock, valued at $2,405,299.29. The trade was a 2.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by corporate insiders.

Northrop Grumman Company Profile

Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.

The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.